Why countries like Uganda, Kenya, Venezuela & Argentina can hold more stable currencies in crypto.
Yahoo Finance·2025-07-23 19:39
Technological Leapfrogging in Africa - Africa largely skipped the traditional telecom development phase involving telephone poles and copper wires, directly adopting cell phone technology [1][2] - There's not a village in Africa that doesn't have at least one cell phone [2] Cryptocurrency Adoption - Countries like Uganda, Kenya, Venezuela, and Argentina are demonstrating real-world use cases for cryptocurrency [3] - Cryptocurrency offers the ability to transact, hold more stable currencies, and participate in the global financial system, which was previously inaccessible to them [3] - These countries are leapfrogging traditional banks and adopting crypto because it better suits their needs [3]